Zacks: Analysts Expect J B Hunt Transport Services Inc (JBHT) to Post $1.40 EPS

Analysts forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will announce earnings of $1.40 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for J B Hunt Transport Services’ earnings, with estimates ranging from $1.27 to $1.51. J B Hunt Transport Services reported earnings per share of $1.37 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The business is scheduled to announce its next quarterly earnings results on Monday, July 15th.

On average, analysts expect that J B Hunt Transport Services will report full year earnings of $5.69 per share for the current year, with EPS estimates ranging from $5.21 to $5.90. For the next fiscal year, analysts forecast that the company will report earnings of $6.41 per share, with EPS estimates ranging from $6.06 to $6.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $1.07 earnings per share. J B Hunt Transport Services’s revenue for the quarter was up 7.3% compared to the same quarter last year.

A number of research firms recently issued reports on JBHT. BidaskClub raised J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 7th. ValuEngine cut J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Deutsche Bank cut J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 target price for the company. in a research note on Wednesday, April 17th. Finally, Argus cut shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $115.89.

NASDAQ JBHT traded down $0.53 during trading hours on Friday, reaching $96.02. 1,604,807 shares of the company’s stock were exchanged, compared to its average volume of 1,087,863. J B Hunt Transport Services has a one year low of $88.38 and a one year high of $131.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.12 and a beta of 1.08.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

In other J B Hunt Transport Services news, Director Gary Charles George purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the purchase, the director now directly owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nicholas Hobbs sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $112.04, for a total transaction of $336,120.00. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of JBHT. FMR LLC boosted its holdings in shares of J B Hunt Transport Services by 60.7% in the 1st quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock valued at $410,212,000 after buying an additional 1,529,785 shares during the last quarter. Norges Bank acquired a new stake in shares of J B Hunt Transport Services in the 4th quarter valued at approximately $70,673,000. Two Sigma Investments LP boosted its holdings in shares of J B Hunt Transport Services by 202.1% in the 4th quarter. Two Sigma Investments LP now owns 601,818 shares of the transportation company’s stock valued at $55,993,000 after buying an additional 402,618 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of J B Hunt Transport Services by 198.6% in the 4th quarter. Two Sigma Advisers LP now owns 594,025 shares of the transportation company’s stock valued at $55,268,000 after buying an additional 395,100 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of J B Hunt Transport Services by 90.4% in the 4th quarter. Deutsche Bank AG now owns 753,177 shares of the transportation company’s stock valued at $70,072,000 after buying an additional 357,539 shares during the last quarter. 71.82% of the stock is owned by institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Featured Article: How a Strangle Strategy is different from a Straddle Strategy

Get a free copy of the Zacks research report on J B Hunt Transport Services (JBHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.